# Palisade Asset Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1434323. Source: https://holderbook.com/funds/1434323-palisade-asset-management-llc/

- Reported value: $1.1B
- Positions: 204
- Weight of the ten largest: 30.8%
- Filed: 2026-07-20

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $53.7M | 185,609 | 5.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $48.2M | 129,122 | 4.4% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $40.6M | 345,913 | 3.8% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $33.2M | 79,856 | 3.1% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $28.6M | 38,343 | 2.6% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $27.8M | 98,850 | 2.6% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $26.4M | 72,776 | 2.4% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $25.6M | 100,872 | 2.4% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $25.5M | 173,929 | 2.4% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $24.6M | 75,182 | 2.3% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $24.2M | 68,745 | 2.2% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $23.2M | 36,633 | 2.1% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $21.6M | 77,662 | 2.0% | 31 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $19.8M | 151,730 | 1.8% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $19.7M | 66,123 | 1.8% | 15 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $18.7M | 205,689 | 1.7% | 31 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $17.1M | 82,638 | 1.6% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $17.0M | 14,193 | 1.6% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $16.3M | 111,203 | 1.5% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $15.7M | 62,276 | 1.4% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $15.6M | 93,931 | 1.4% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $15.5M | 114,269 | 1.4% | 31 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $15.3M | 43,126 | 1.4% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $15.3M | 100,776 | 1.4% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $15.1M | 44,093 | 1.4% | 25 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $15.0M | 248,570 | 1.4% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $14.5M | 64,780 | 1.3% | 31 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $14.3M | 49,170 | 1.3% | 28 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $14.2M | 52,377 | 1.3% | 31 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $14.1M | 87,241 | 1.3% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $12.9M | 92,171 | 1.2% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $12.8M | 67,285 | 1.2% | 25 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $11.9M | 12,360 | 1.1% | 7 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $11.7M | 37,308 | 1.1% | 31 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $10.9M | 119,278 | 1.0% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $10.6M | 34,980 | 1.0% | 20 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $9.9M | 32,954 | 0.9% | 31 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $9.5M | 28,634 | 0.9% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $9.0M | 8,465 | 0.8% | 31 |
| BALL CORP | [BALL](https://holderbook.com/stocks/BALL/) | $8.8M | 140,626 | 0.8% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $8.6M | 63,221 | 0.8% | 31 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $8.5M | 48,661 | 0.8% | 10 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $8.0M | 68,296 | 0.7% | 31 |
| DONALDSON INC | [DCI](https://holderbook.com/stocks/DCI/) | $7.6M | 84,599 | 0.7% | 31 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $7.3M | 10,406 | 0.7% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $7.3M | 10,612 | 0.7% | 26 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $6.8M | 38,419 | 0.6% | 30 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $6.6M | 82,432 | 0.6% | 31 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $6.5M | 39,775 | 0.6% | 18 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $6.4M | 51,758 | 0.6% | 25 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $6.4M | 56,724 | 0.6% | 31 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $6.4M | 42,092 | 0.6% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $6.3M | 82,122 | 0.6% | 26 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $6.1M | 192,948 | 0.6% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $6.1M | 41,102 | 0.6% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.4M | 15,197 | 0.5% | 24 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $5.3M | 25,157 | 0.5% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $5.2M | 54,040 | 0.5% | 31 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $5.2M | 107,368 | 0.5% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $4.7M | 32,677 | 0.4% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $4.5M | 35,395 | 0.4% | 31 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $4.1M | 19,447 | 0.4% | 31 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $4.1M | 54,741 | 0.4% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $4.1M | 52,744 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.1M | 11,094 | 0.4% | 10 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $4.0M | 42,092 | 0.4% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $4.0M | 45,805 | 0.4% | 31 |
| BIO-TECHNE CORP | [TECH](https://holderbook.com/stocks/TECH/) | $3.9M | 55,284 | 0.4% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $3.9M | 20,402 | 0.4% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $3.8M | 36,882 | 0.4% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.7M | 10,344 | 0.3% | 27 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $3.4M | 10,963 | 0.3% | 28 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $3.3M | 40,749 | 0.3% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.1M | 15,581 | 0.3% | 15 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.6M | 20,716 | 0.2% | 31 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $2.5M | 15,639 | 0.2% | 31 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $2.4M | 22,024 | 0.2% | 31 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $2.2M | 50,340 | 0.2% | 31 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $2.2M | 18,601 | 0.2% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.2M | 6,359 | 0.2% | 31 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $2.1M | 59,557 | 0.2% | 31 |
| GLOBE LIFE INC | [GL](https://holderbook.com/stocks/GL/) | $2.0M | 11,244 | 0.2% | 28 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.0M | 3,996 | 0.2% | 31 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $2.0M | 13,599 | 0.2% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.9M | 6,963 | 0.2% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.9M | 43,780 | 0.2% | 31 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $1.8M | 36,268 | 0.2% | 31 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $1.7M | 22,864 | 0.2% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.7M | 7,006 | 0.2% | 27 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $1.7M | 7,398 | 0.2% | 1 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $1.6M | 1,280 | 0.2% | 30 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $1.6M | 7,392 | 0.2% | 1 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $1.6M | 3,133 | 0.2% | 14 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $1.6M | 4,271 | 0.1% | 2 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $1.5M | 18,028 | 0.1% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.5M | 17,604 | 0.1% | 26 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $1.5M | 1,488 | 0.1% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.5M | 6,595 | 0.1% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.4M | 5,957 | 0.1% | 31 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.4M | 68,040 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.0% | +14.8% | -5.8% | 100% |
| Q1 2026 | -2.8% | -4.6% | +1.9% | 100% |
| Q4 2025 | -0.1% | +2.4% | -2.5% | 100% |
| Q3 2025 | +5.8% | +7.8% | -2.0% | 100% |
| Q2 2025 | +3.4% | +10.5% | -7.0% | 100% |
| Q1 2025 | +0.2% | -4.6% | +4.8% | 100% |
| Q4 2024 | -3.4% | +2.1% | -5.5% | 100% |
| Q3 2024 | +8.9% | +5.4% | +3.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.1B | 204 |
| Q1 2026 | $995.9M | 195 |
| Q4 2025 | $1.0B | 193 |
| Q3 2025 | $1.1B | 701 |
| Q2 2025 | $1.0B | 193 |
| Q1 2025 | $973.6M | 192 |
| Q4 2024 | $985.6M | 193 |
| Q3 2024 | $1.0B | 197 |
| Q2 2024 | $967.1M | 191 |
| Q1 2024 | $1.0B | 407 |
| Q4 2023 | $912.2M | 198 |
| Q3 2023 | $822.6M | 179 |